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Market review and a few predictions
The real estate market in Boulder County was smoking hot in 2015. The inventory of available properties has been decreasing steadily over the last few years and the number of single family homes for sale in Boulder County decreased an additional 3.8% from a year ago, with attached dwelling inventory down an incredible 42.5%. Demand outpaced supply again this year and the 30-year fixed interest rate remained near record lows hovering around 4% all year, a recipe for appreciation. The median price went up 9% for single family homes in Boulder County this year and went up 15% for attached dwellings. Some highlights from around the county were single family homes in the City of Boulder with a median price up 15%, single family homes in Longmont up 14%, attached dwellings in Louisville and Longmont up over 20% and attached dwellings in Superior up 34%.      
 
Although interest rates have recently started to rise,the rate increases will likely be gradual. All signs are that 2016 will look a lot like 2015: low inventory coupled with low interest rates resulting in a competitive buying environment and more appreciation. I'm predicting a very active first quarter, based on pent-up demand and very low inventory. The first quarter is traditionally an excellent time for sellers to be on the market and 2016 should be no exception. For buyers, being in the market early in the year in order to get ahead of appreciation is a good idea. If you or anyone you know is considering selling or buying, I'm happy to help. 
 
I hope you had a great 2015. Wishing you and your family a Happy Holiday Season and prosperous New Year! As always, thank you for your support, both through your business and your referrals.  - Rich
 
Area Real Estate Sales
For more sales statistics, go to richgribbon.com 
 
 

Median
Sales  
Price
% of  
List Price
Average  
Days
to Sale
 
Residential
 
 
 
 
 
Boulder
780,000
98.91
  70        
 
 
Louisville 
519,800
100.3
  56  
  
 
Lafayette
425,000
100.5 
  69    
 
 
Longmont
310,050
100.3 
  63         
 
 
Gunbarrel
586,000
99.77
  62         
 
 
Niwot
668,700
96.06   
  94

 
Superior
540,000
100.7  
  56
 

Broomfield
398,000
99.45
  65         

Erie
415,000
99.18
  76         
 
Mountains
424,000
97.31
 104
 
Condos/Townhomes
 
 
 
 
 
Boulder
320,000
100.7
 60        
 
 
Louisville
311,000
101.6
 65     
 
 
Lafayette
255,000
103.6
 77          
 
 
Longmont
227,000
101.0
 55         
 
 
Gunbarrel
215,500
103.2
 39     
 
 
Superior
268,000
101.3
 46
 







 Source:  Information Real Estate Services 
Holiday Cheer
We had big fun at the Rio Grande in downtown Boulder again this year at my holiday party for clients and friends. Thanks to everyone for coming out!
 
   
DECEMBER 2015
Interest Rates
 
30 year fixed conforming 4.125%
 
5/1 ARM conforming 3.375%
 
7/1 ARM conforming 3.5%
 
30 year fixed jumbo 3.875%
 
5/1 ARM jumbo 3.25%
 
7/1 ARM jumbo 3.5%
  
Rates provided by
Calvin Cox at Commerce Mortgage at 303-931-8360
Contact me for:
 
Buying & Selling. 
 

Refinancing. 

 

Leveraging equity to buy investment property.

 

1031 Exchange.

 

Real estate as a retirement strategy. 

 

Using your IRA for real estate investing.

 

Real estate for college savings.  

 

Buying real estate for college-age children to live in while at school.

 

Helping parents relocate or transition to a new housing situation.

 

Purchasing vacation property in ski country, tropics or other resorts.

 

Finding a quality realtor for transactions outside our market.

 

2425 Canyon Blvd. Suite 110 | Boulder, CO  80302
T: 303.441.5685  C: 303.931.6979  F: 303.449.8554 
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